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North Korea held a commemorative parade and leader Kim Jong-un visited war cemeteries to mark the 73rd anniversary of the Korean War armistice, which the country observes as Victory Day. State media reported the events, with Kim accompanied by his wife and daughter at the cemetery visit.
South Korean President Lee Jae Myung and Brazilian President Luiz Inacio Lula da Silva agreed to revive stalled free-trade negotiations between Seoul and the Mercosur bloc, establishing a joint working group to prepare for formal talks. Analysts caution that skepticism remains strong in Latin America, with calls for tangible commitments from South Korea.
South Korea's Presidential Committee on Popular Culture Exchange announced a new international music festival in Los Angeles set for May 2028, along with a domestic awards show in Seoul and Goyang in December 2027, aiming to rival Coachella and boost cultural tourism.
Michelle Steel, the new U.S. Ambassador to South Korea, arrived in Seoul this week, marking the end of a 1.5-year vacancy in the post. Her arrival comes as the two allies face a series of pending issues, including implementing bilateral agreements on security, trade, and investment. Steel, a Korean American, has emphasized strengthening the alliance as her top priority.
Hanwha Ocean's Q2 net profit quadrupled to 692.6 billion won on high-value ship orders and a weak won, while HD Hyundai's net profit rose over fivefold to 3.17 trillion won.
South Korean stocks closed nearly 1% higher on Monday, driven by a US pause in strikes on Iran that eased Middle East tensions, a drop in oil prices, and a $950 billion tech cooperation agreement between South Korean and US companies.
South Korean authorities have launched a committee to overhaul police investigation practices following allegations of misconduct in a Gwangju murder probe. Interior Minister Yun Ho-jung apologized on behalf of the government and outlined reforms including a rotational assignment system. Police aim to expand the system in the first half of next year amid efforts to restore public trust.
A consortium led by former South Korean MLB pitcher Park Chan-ho has invested $70 million in the Athletics, with $55 million completed and $15 million pending league approval. Park will serve as senior adviser to owner John Fisher, focusing on player development and Asia strategy. The consortium includes actors Ken Jeong and Daniel Dae Kim.
South Korea's main opposition People Power Party has asked Rep. Kwon Young-jin to voluntarily leave the party after he grabbed floor leader Jeong Jeom-sig by the collar during a protest over committee chair assignments. The supreme council warned of possible expulsion if he refuses, while Kwon has apologized for his actions.
South Korea's foreign currency deposits increased for the third consecutive month in June, driven by higher dollar savings, according to central bank data. U.S. dollar deposits rose while euro and yen deposits fell. Separately, the country's money supply grew at the fastest pace in nine months in May.
South Korean President Lee Jae Myung has instructed officials to maintain fuel price caps amid renewed Middle East conflict pushing global oil prices to around $100 per barrel. He also highlighted AI partnerships from his San Francisco visit, including a $750 billion semiconductor deal with Nvidia, and addressed illegal fishing and critical mineral supply chain management.
A ceremony unveiling a commemorative plaque honoring North Korean soldiers who fought alongside Russian troops in Ukraine took place last week at a Moscow-region memorial site, according to state media. Separate reports detail North Korean commendations for artists behind a memorial museum for fallen soldiers, with troop deployment estimates varying across reports.
A Seoul court has convicted former South Korean President Yoon Suk Yeol of making false statements during the 2022 presidential campaign, sentencing him to 18 months in prison, suspended for three years. The ruling could force his party, the People Power Party, to return nearly 40 billion won in campaign reimbursements. Yoon's lawyers have filed an appeal.
South Korean President Lee Jae Myung arrived in Brazil on Sunday for a summit with President Luiz Inacio Lula da Silva and a business roundtable, part of a three-nation South America tour. The tour concluded in Argentina, where Lee and President Javier Milei signed an MOU to strengthen cooperation on critical minerals, including lithium, and agreed to resume free trade negotiations with Mercosur.
Ukrainian President Volodymyr Zelenskyy has said Russia is preparing to receive an additional 30,000 North Korean troops and more ballistic missile launchers for its war against Ukraine. South Korea's foreign ministry says it is closely monitoring the situation, while North Korea's Foreign Minister recently visited Moscow.
Jenny Shin clinched her first LPGA title in a decade at the ISPS Handa Women's Scottish Open, defeating Kim A-lim by two strokes. The 33-year-old South Korean led wire-to-wire, marking a career milestone and becoming the fourth South Korean winner on tour this year.
South Korea's weather agency issued its highest-level heat wave warnings for Daegu and other southeastern areas as temperatures soared above 38°C. The warnings cover 17 regions, with officials reporting rising heat-related illnesses and livestock losses.
Naver Corp. has agreed to a strategic partnership with Nvidia Corp. and received a combined $10 billion investment commitment from Nvidia and Brookfield to build a global AI data center. The project aims to expand Naver's existing facility to 200 megawatts by 2028 and provide production-scale computing capacity for South Korean and U.S. AI developers.
President Lee Jae Myung declared a vision to position South Korea as a trustworthy production base and supply partner for AI semiconductors, unveiling the 'San Francisco AI Declaration' at a high-level meeting with global tech leaders. The meeting also saw agreements for $950 billion in cooperation projects, including a landmark SK Group semiconductor supply deal, and a separate MOU between South Korea's science ministry and AMD.
South Korean President Lee Jae Myung met with the heads of four global tech giants—including OpenAI, Nvidia, Anthropic, and Broadcom—during a two-day trip to San Francisco, urging greater participation in South Korea's AI investment plans. Lee highlighted the country's large-scale semiconductor and AI data center projects, while the executives expressed enthusiasm for cooperation.